GBP/USD
No matter how much BOE raises rates this time around, speculators are bound to react strongly. Too many pending volumes have accumulated at the border of the range 1.2000−1.2250. If the market reaction to the results of BOE meeting is positive, then a strong upward correction is relevant. If the reaction is negative, then we will fall to the zone of 1.14 and below.
No matter how much BOE raises rates this time around, speculators are bound to react strongly. Too many pending volumes have accumulated at the border of the range 1.2000−1.2250. If the market reaction to the results of BOE meeting is positive, then a strong upward correction is relevant. If the reaction is negative, then we will fall to the zone of 1.14 and below.